Chapter 7 Flashcards
raw, unorganized facts that can be moved and stored
Data
An electronic filing system that collects and organizes data and information
Database
The methods and equipment that provide information about all aspects of a firm’s operations
(MIS) Management Information Systems
An information system that handles a firm’s daily business operations; the system receives and organizes raw data from internal and external sources and then prepares this data for storage in a company’s database
TPS- Transaction Processing Systems
The hub for all of a company’s data
Internal Database
Software that allows businesses to quickly and easily enter, store, organize, select, and retrieve data in a database
DBMS- Database management systems
The term for collecting data over some period of time and processing them together
Batch Processing
The term for processing data in real-time as it becomes available
Online/real-time processing
An information system using an internal database to perform high-level analyses that help managers make better decisions
MSS- management support systems
An information technology that combines many databases across an entire company into one central database that supports management decision-making
Data warehouse
Specialized subsets of a data warehouse dealing with a particular type of data
Data Mart
A management support system that uses interactive computer models describing real-world processes to help managers make better decisions
DSS-Decision Support Systems
A management support system that is customized for an individual executive; provides specific information for strategic decisions
Executive Information System
A management support system that gives managers advice comparable to what a hired human consultant
Expert system
The process of researching, gathering, organizing, and sharing an organization’s collective knowledge to improve productivity, foster innovation, and gain competitive advantage
Knowledge management